Groupe ADP is an international airport operator which owns and operates three French airports (Paris – Charles de Gaulle, Paris – Orly, and Paris – Le Bourget) under the brand name Paris Aéroport (Paris Airports). Groupe ADP also owns 46.1% of TAV Airports Holding,  a 51% stake in Airport International Group (concession holder at Queen Alia International Airport in Jordan), 49% of the share capital of India’s GMR Airport Limited and cross-owns 8% of the Schiphol Group. The Group is owned by the company Aéroports de Paris SA, which is publicly-listed at the Euronext Paris. The key shareholders of Groupe ADP include the Government of France (50.6%), Vinci S.A (8.0%) and the Government of The Netherlands (8.0%).

Source: Groupe ADP 2020 Full Year Results

Like other airport operators around the world, the airports operated by Groupe ADP (including those operated by TAV Airport Holdings and GMR Airports Limited) saw an unprecedented decline in passenger traffic for the year 2020 due to the outbreak of the COVID19 pandemic. Passenger traffic at Groupe ADP’s airports fell by 60.4% to reach 96.3 million passengers in 2020. At Paris Charles de Gaulle Airport and Paris Orly Airport, passenger traffic dropped by 70.8% and 66.1% to reach 22.3 million passengers and 10.8 million passengers, respectively. Groupe ADP’s turnover for the year 2020 fell by 54.5% to reach EUR 2,137mn. EBITDA remained positive, even though it declined by 90.5% to EUR 168m.

Source: Groupe ADP 2020 Full Year Results

For 2020, the Group made a net loss of EUR 1,169m, which was EUR 1,757m lower than the EUR 588m net profit it achieved in 2019. While IATA has forecast a strong recovery of global passenger traffic by 2023, it is still too early to determine the extent of recovery for the year 2021. Groupe ADP has made financial stabilization a key priority and anticipates a return to the 2019 traffic level for its Paris Airports sometime between 2024 and 2027.